Postal Ballot: RPT with Shapoorji Pallonji Mideast LLC approved with 99.99% support

Board & Shareholder Meetings View source PDF

AFCONS · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close

+3.2%1-day move

₹284.00

prior close

₹283.70

base price

After-mkt

timing

5m10m15m30m1D2D3D4D5D7D15D1M2M3M

-0.2+0.2+0.3+0.5+3.2+8.1+9.3+14.3+7.7+21.8+17.9+18.9+9.8+10.3

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AI summary

Shareholders approved material related party transactions with Shapoorji Pallonji Mideast LLC, a promoter group company, via postal ballot on April 3, 2026. Of 36.78 crore total shares, 12.33 crore were polled (33.52%), with 99.99% voting in favor (only 14,892 against). Promoters abstained as interested parties. Public institutions polled 86.89% and voted 100% in favor; public non-institutions voted 99.93% in favor.

Likely market impact

Overwhelming shareholder approval for promoter group related party transaction; near-unanimous support reflects strong market comfort with the deal.